Gaithersburg Home Sales Report February 2020

Gaithersburg Real Estate

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How's the Real Estate Market in Gaithersburg MD?

Gaithersburg home sales saw the following changes in

February 2020 compared to last year at this time:

- average sold price was $429,766 compared to last year's $394,594

- average days on market to sell a home went to 37 days from 49 days

- average sold price sellers are getting changed to 98.7% from 97.7%

Gaithersburg market activity is summarized in the following chart (mouse over for details):

Gaithersburg Homes Sold

Through February 2020 there were 36 single family homes, 42 townhouses and 41 condos sold.The most expensive single family was sold for $930,000 in the Kentlands.    The most expensive townhome sold for $710,000 in Crown Farm. The most expensive condo sold for $775 in the Kentlands.  There was 16 cash buyers (mostly investors) or 14.6% of buyers.

The chart below shows average home price in Gaithersburg by type.

Are Sellers Getting Their Asking Price in Gaithersburg?

The chart below shows the proportion of the original listing price a home seller is getting when they sell, taking into account price reductions.  You can see more details in our Gaithersburg Property Value Report.

How Long is it Taking to Sell a Home?

In February 2020, the average days on market was 37 compared to 49 days the same time last year. You can see more market statistics in our Gaithersburg Real Estate Trends Market Report.

Call Bob Myers of Re/Max Realty Services at 301-910-9910 if you have any questions about the value of your home or the real estate market.  Search for Gaithersburg homes for sale, save your favorites and get updates:

Short Sale
$205,000
Condo For Sale
Active Under Contract
2
BEDS
2
TOTAL BATHS
1,164
SQFT
403 Christopher Avenue 19 #19
Gaithersburg, MD 20879
Hyde Park Subdivision
New Listing - 3 weeks online
$209,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,164
SQFT
Village Overlook #74 (T3)
411 Christopher Avenue 74 (T3)
Gaithersburg, MD 20879
$209,999
Condo For Sale
Active Under Contract
3
BEDS
2
TOTAL BATHS
1,441
SQFT
Mills Choice Cod #1
19009 Mills Choice Road 1
Gaithersburg, MD 20886
$210,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,441
SQFT
Mills Choice Cod #1
19003 Mills Choice Road 1
Gaithersburg, MD 20886
New Listing - 4 weeks online
$219,000
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
1,060
SQFT
9711 Leatherfern Terrace B 47 #B 47
Gaithersburg, MD 20886
Park Place At Montg Vill Subdivision
Price Change - 2 weeks ago
$225,000
Condo For Sale
Active
3
BEDS
2
TOTAL BATHS
1,212
SQFT
10010 Stedwick Road 103 #103
Gaithersburg, MD 20886
Center Court Subdivision
New Listing - 4 weeks online
$225,000
Condo For Sale
Active Under Contract
3
BEDS
2
TOTAL BATHS
1,278
SQFT
413 Christopher Avenue 22 (95) #22 (95)
Gaithersburg, MD 20879
Hyde Park Subdivision
Open House Fri, May 7, 8 PM UTC
Please verify times due to COVID-19
$229,000
Townhouse For Sale
Active
2
BEDS
1
TOTAL BATH
960
SQFT
14 Docena Court
Gaithersburg, MD 20886
Nathans Hill - Montg Vil Subdivision
New Listing - 2 weeks online
$229,990
Condo For Sale
Active
2
BEDS
2
TOTAL BATHS
1,212
SQFT
10002 Stedwick Road 303 #303
Gaithersburg, MD 20886
Center Court Subdivision
$230,000
Commercial For Sale
Active
MONTGOMERY
COUNTY
Fairview Bldg Co #301
438 N Frederick Avenue 301
Gaithersburg, MD 20877
New Listing - 4 days online
$238,000
Condo For Sale
Active
2
BEDS
1
TOTAL BATH
1,026
SQFT
Washington Tower #405
9701 Fields Road 405
Gaithersburg, MD 20878
New Listing - 2 weeks online
$239,900
Condo For Sale
Active Under Contract
3
BEDS
2
TOTAL BATHS
1,269
SQFT
Park Place Codm #302
9801 Feathertree Terrace 302
Gaithersburg, MD 20886
Price Change - 4 weeks ago
$240,000
Condo For Sale
Pending
5
BEDS
3
TOTAL BATHS
2,051
SQFT
Villa Ridge Sec #332
448 Girard Street 332
Gaithersburg, MD 20877
New Listing - 4 weeks online
$244,900
Townhouse For Sale
Pending
4
BEDS
3
TOTAL BATHS
1,083
SQFT
9215 Chadburn Place
Gaithersburg, MD 20886
Mcrory - Montg Vill Subdivision
$245,000
Commercial For Sale
Pending
MONTGOMERY
COUNTY
Diamond Farm (Co #B
841 Quince Orchard Boulevard B
Gaithersburg, MD 20878
$245,000
Commercial For Sale
Pending
MONTGOMERY
COUNTY
Diamond Farm (Co #A
841 Quince Orchard Boulevard A
Gaithersburg, MD 20878
$249,900
Commercial For Sale
Active
MONTGOMERY
COUNTY
Diamond Farm (Co #B
839 Quince Orchard Boulevard B
Gaithersburg, MD 20878
New Listing - 3 weeks online
$249,900
Condo For Sale
Pending
2
BEDS
2
TOTAL BATHS
791
SQFT
913 Hillside Lake Terrace 411 #411
Gaithersburg, MD 20878
Vistas Washingtonian Wds Subdivision
New Listing - 3 weeks online
$250,000
Single Family Home For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,640
SQFT
7 Melmark Court
Gaithersburg, MD 20878
Relda Square Subdivision
Price Change - 2 weeks ago
$250,000
Condo For Sale
Pending
3
BEDS
2
TOTAL BATHS
1,440
SQFT
Washingtonian Tower Condo #1901
9701 Fields Road 1901
Gaithersburg, MD 20878

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